Streamline Your Plan Process
Abstract
To meet complex global challenges, executives face key challenges to set effective strategic visions. Too often the long‐term plan itself becomes a lengthy process, thus delaying reaching tangible results. Executives can get bogged down co‐ordinating a plan for many diverse parts and functions of their company. For example, linking a focused mission statement to broad environmental or market perspectives is a major challenge to putting together a coherent plan; or the effects of natural reiterations in the process are overlooked. Recommends several key ways to improve and quicken companies′ strategic efforts, including: first highlight what is truly new within the business environment; involve a variety of functional experts, while targeting their efforts; use less than six core analyses; collapse the time to complete a plan, i.e. within two months. Benefits include saving time, communicating a clearer strategic vision, avoiding hidden bias, focusing better on priorities, and getting results sooner.
Keywords
Citation
Sokol, R.J. (1994), "Streamline Your Plan Process", Management Decision, Vol. 32 No. 2, pp. 41-48. https://doi.org/10.1108/00251749410054800
Publisher
:MCB UP Ltd
Copyright © 1994, MCB UP Limited